Your Home Sold Guaranteed Realty - David Limon Team

Murrieta Cost of Living and Daily Life

Cost of Living & Daily Life in Murrieta, California

Housing costs in Murrieta?

🏠 A typical home costs $600,300, which is 77.6 percent more expensive than the national average of $338,100 and 18.2 percent less expensive than the average California home, at $733,500.

🏠 Renting a two-bedroom unit in Murrieta costs $2,340 per month, which is 63.6 percent more than the national average of $1,430 and 8.1 percent more than the state average of $2,150.

Can I afford Murrieta?

💵 To live comfortably in Murrieta, California, a minimum annual income of $115,200 for a family, and $74,800 for a single person is recommended.

Cost of living and daily life in Murrieta is similar to other cities in southern California with most prices hovering slightly above the US averages. Median house value comes in at roughly $400K while median rent is around $1,450 per month – both still lower than more popular urban centers like San Diego or Los Angeles. Grocery costs come in 3% higher than US levels and sales tax sits right on 8%.

💰 Tax Rates for Murrieta
– The Sales Tax Rate for Murrieta is 7.8%. The US average is 7.3%.
– The Income Tax Rate for Murrieta is 9.3%. The US average is 4.6%.
– Tax Rates can have a big impact when Comparing Cost of Living in Murrieta.

Murrieta violent crime is 8.5. (The US average is 22.7)

Murrieta, CA is a relatively safe city when it comes to crime. The violent crime rate is 8.5 which is much lower than the national average of 22.7. Similarly, property crime in Murrieta is 23.7 which again is significantly lower than the US average of 35.4. As such, those living in Murrieta can rest easy knowing that their community has low levels of crime and they are not at risk for any major criminal activity or violence. Crime is ranked on a scale of 1 (low crime) to 100 (high crime).

Weather and Schools in Murrieta

Murrieta, CA enjoys mild and sunny weather year round, with an average low temperature of around 52°F in winter and an average high temperature of 91°F in summer. The area receives around 15 inches of rain each year, most of which falls in December through March. Summers are dry and mild with very little humidity, making it the perfect place to enjoy outdoor activities like swimming, hiking and camping. The area’s Mediterranean climate is ideal for growing olives, grapes, citrus fruits and other agricultural products. Murrieta gets some kind of precipitation, on average, 31 days per year. Precipitation is rain, snow, sleet, or hail that falls to the ground. In order for precipitation to be counted you have to get at least .01 inches on the ground to measure.

Murrieta, California gets 12 inches of rain, on average, per year. The US average is 38 inches of rain per year.
Murrieta averages 0 inches of snow per year. The US average is 28 inches of snow per year.
On average, there are 275 sunny days per year in Murrieta. The US average is 205 sunny days.

In Murrieta, CA, schools are a big part of the city’s character. Parents can rest assured that their children will receive a quality education, as the area offers some of the best schools in the state. When looking at school ratings, Murrieta schools routinely rank among the highest in California. The district is large and diverse, offering a range of educational opportunities to meet the needs of each student. Local schools provide excellent facilities and resources to help students achieve success in college and beyond.

In addition to great academic programs, many offer extracurricular activities such as sports, music classes, and theater to further enrich the learning experience for students. With its top-notch schools, Murrieta provides an ideal environment for families seeking a place to call home where their children will thrive.

The median home cost in Murrieta is $600,300

Murrieta, CA is an area with a high median housing value of $600,300. This is significantly higher than the national median housing value of $338,100. Furthermore, the appreciation rate for houses in Murrieta has been even higher than the national rate, at 9.15% compared to 8.27%. These figures indicate that Murrieta is an attractive area for those looking to invest in real estate due to its high values and strong appreciation potential.

Home appreciation the last 10 years has been 193.0%. 

Home Appreciation in Murrieta is up 17.4%.

Average Age of Homes: The median age of Murrieta real estate is 17 years old

The Rental Market in Murrieta: Renters make up 30.0% of the Murrieta population
– 0.8% of houses and apartments in Murrieta are available to rent.

If you have questions about cost of living or daily life in Murrieta, call Your Home Sold Guaranteed Realty – David Limon Team | Visit Google Business Page.

(951) 400-4463